16 February 2020 | 247 replies
Just ask any resident of Detroit or fairly sophisticated Detroit investor.) for 45K that has a longtime, never late all cash tenant paying $925 who is employed by Ford Motor Company.We also are in the process of putting under contract a GORGEOUS SFR in Morningside that is an ultra hot B neighborhood (ask any sophisticated or Veteran Detroit investor.)
6 March 2019 | 53 replies
So if I wanted to do MF at the VERY least I would get my brokers license and work for a commercial broker that will get you in range of those that have the dough to buy these deals. social media is not going to cut it in any fashion in my mind.. not for sophisticated investments.. there are some private facebook stuff were guys that are accredited chat but you have to get invited and vetted normally I am in a few of those for lending platforms.. which are mainly ***** sessions about crowdfunding platforms and deals that are not working LOL.
2 May 2024 | 17 replies
Then you should have nothing to worry about.For many years now we have been telling investors to use their own expense deductions when calculating a return on investment.Our marketing team only quotes the “hard costs” as in - taxes, insurance and property management fees.We suggest discounting another 15% from the bottom line for maintenance and vacancy but I’d much prefer for everyone to OVERESTIMATE the expenses and UNDERESTIMATE the income using their own calculations.If the numbers work out then, the investment might be worth pursuing further.Classifying areas can sometimes get convoluted.Since I wasn’t born with a silver spoon in my mouth and consider myself a working class guy, my perception of B class might be someone’s of “Z class” lolMy advice to all is to visit town and see the areas for themselves.I’m confident they will be impressed.Especially if they have already toured other markets with similar price points to ours.Real estate is a rollercoaster of a ride and as much as we want to make it hands off/passive.
21 April 2024 | 240 replies
I’ll just have to keep this one for myself :)Unfortunately, we had a tragedy at the office with your point of contact like we indicated via private email so an update was not provided to you in a timely manner.Our company is still very green and growing and I have always stated that we aren’t the most sophisticated turnkey business in the country.
26 March 2020 | 49 replies
Although there is usually a perception that paying more gives you more, it can also be a false reality.
14 February 2020 | 77 replies
Tenants who aren't sophisticated will fall for it, and tenants that know it's garbage will just shrug it off since the immediate target is not them (a normal human reaction).
9 June 2020 | 85 replies
I know there are a lot of negative perceptions about section 8 tenants, they are not all true.
8 May 2020 | 42 replies
If people don't like the perception, change the perception.
8 August 2024 | 22 replies
One investor, an engineering manager who considered himself relatively sophisticated about real estate but had never invested in a colleague’s startup, says he found Khafagi convincing.